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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental income $ 1,445,871 $ 1,648,815 $ 1,598,948
Resident fees and services 2,779,423 2,504,731 2,158,031
Interest income 73,811 97,963 84,141
Other income 17,536 29,651 18,706
Total revenues 4,316,641 4,281,160 3,859,826
Expenses:      
Interest expense 484,622 521,345 492,169
Property operating expenses 2,083,925 1,876,983 1,622,257
Depreciation and amortization 921,720 901,242 826,240
General and administrative 122,008 155,241 147,416
Transaction costs 0 42,910 110,926
Loss (gain) on derivatives, net 2,284 (2,448) (58,427)
Loss (gain) on extinguishment of debt, net 37,241 17,214 34,677
Provision for loan losses 62,966 10,215 0
Impairment of asset 124,483 37,207 2,220
Other expenses 177,776 11,998 46,231
Total expenses 4,017,025 3,571,907 3,223,709
Income from continuing operations before income taxes and income from unconsolidated entities 299,616 709,253 636,117
Income tax (expense) benefit (20,128) 19,128 (6,451)
(Loss) income from unconsolidated entities (83,125) (10,357) (21,504)
Income from continuing operations 196,363 718,024 608,162
Discontinued operations:      
Gain (loss) on real estate dispositions, net 344,250 364,046 280,387
Net income 540,613 1,082,070 888,549
Less: Preferred stock dividends 49,410 65,406 65,406
Less: Preferred stock redemption charge 9,769 0 0
Net Income Loss Attributable To Noncontrolling Interest [1] 17,839 4,267 4,799
Net income attributable to common stockholders $ 463,595 $ 1,012,397 $ 818,344
Average number of common shares outstanding:      
Basic 367,237 358,275 348,240
Diluted 369,001 360,227 349,424
Basic:      
Income from continuing operations $ 0.53 $ 2 $ 1.75
Net income attributable to common stockholders 1.26 2.83 2.35
Diluted:      
Income from continuing operations 0.53 1.99 1.74
Net income attributable to common stockholders $ 1.26 $ 2.81 $ 2.34
[1]
Includes amounts attributable to redeemable noncontrolling interests